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#大户持仓动态 $BTC weekend market review
The Bitcoin price movement from last night to this morning has been quite interesting — it first surged from 87698 up to 88434, then lost momentum and started to plummet, even dropping to around 87821 during the midday period. Ethereum's performance was similar, rising from 2965 to 2984 before starting to dive, and is currently hovering around 2960.
Looking at the daily chart, it indeed found support at the lower Bollinger Band and rebounded with two bullish candles. But to be honest, this kind of rebound lacks momentum. Once the price tries to go up, it quickly turns back down. The MACD histogram shows no significant volume increase above the zero line, and the indicator's two lines are still below the zero axis, so from a broader perspective, the trend has not truly reversed.
Switching to the 4-hour timeframe makes it more obvious – after a period of chaotic fluctuations, the market begins to move downward, with prices approaching the middle band of the Bollinger Bands. The three lines of the RSI start to turn downward, and the KDJ also forms a standard death cross pattern. From a technical perspective, the bears have the advantage.
**Recent Thoughts**:
- BTC: Consider shorting near 88500, looking down to 86500.
- ETH: Consider shorting around 3000, looking down to 2850.
Short-term volatility will definitely continue, and this fluctuation is unavoidable before the market confirms its direction.